In 2015, Uganda was named the country with the highest number of entrepreneurs per capita globally. With most of these being small enterprises, access to affordable financing impedes business growth. …
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Some of the leading causes of currency depreciation are low export earnings (revenues accruing from commodities), the surge in impo The value of the Ugandan Shilling has continued to depreciate …
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Uganda’s Court of Appeal on August 8th overturned a High Court decision directing the National Social Security Fund (NSSF) to reimburse Uganda Telecom (UTL) Ush14bn that was saved from the …
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Banking & SavingsEconomicsFinanceLatest News
The implication of a high Central Bank Rate to the economy
Bank of Uganda (BoU) increased the Central Bank Rate (CBR) by 50 points to 9 per cent from 6.5 per cent in May according to the monetary policy statement for …
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Uganda’s central bank and financial sector regulator, the Bank of Uganda (BoU) has increased its lending strategy rate by 50 points to nine per cent (9%) for the third consecutive …
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Banking & SavingsLatest News
PostBank promotes digital self-service options; launches 60 smart ATMs nationally
PostBank Uganda promotes digital self-service which has proved its commitment to empowering lives in Uganda and transforming livelihoods, by launching its new smart ATMs in a bid to get more …
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Banking & SavingsLatest News
Over 365 entrepreneurs to benefit from UDB’s programme to enhance financial access
Uganda Development Bank (UDB), the government-funded development finance institution, in partnership with sister government MDAs, has launched the Enterprise Development Programme which is aimed at preparing entrepreneurs for financing through …
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Kenya’s forthcoming general elections are just days away. This highly anticipated event on Kenya’s political calendar is scheduled to take place on Tuesday, August 9, 2022. Kenyan voters will on Tuesday next …
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Banking & SavingsLatest NewsNews
Uganda rejects proposal to set up East African Central Bank in Arusha
Uganda has overruled an authentication report by a Committee of the East African Community, an EAC Council of Ministers that is proposing to establish the East African Central Bank headquarters …
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National Social Security Fund (NSSF), under the fund’s Hi-Innovator flagship sustainability programme, is seeking to fund 92,400 women entrepreneurs in a bid to boost their businesses. Barbara Arimi the Communication …